Do not hesitate to contact us if you have any questions.

INCOME

• LAST YEAR’S tax return not prepared in our office – Federal, State and Local
• W-2’s
• 1099’s for Interest and Dividends
• 1099 B’s or year end investment statements
• Stock/Bond transaction information if not included on year end 1099B
• Information about any refunds from the State or Local government regarding overpayment of prior year taxes
• IRA, Pension or retirement distribution information – may be on a 1099R
• IRA Rollover/conversion information
• Social Security receipt information
• Unemployment receipt information
• Stock option information for ISO, RSU or ESPP. The more info you can provide the

ADJUSTMENTS TO INCOME

• HSA contribution/withdrawal information and year end account balance
• Moving expense information if you relocated for employment and all expenses were not reimbursed by employer
• Student Loan interest this may be on a 1098
• Education cost information – tuition, books, fees – this may be reported on a 1098. Proof of payment of tuition also required. Please attach CC statement, cancelled check or payment receipt

ITEMIZED DEDUCTION INFORMATION

• Medical costs – only required if significant. Must meet minimum of 7.5% of your
• Tax payments to State or Local governments – may include income, per capita, LST, or estimated payments made for during the year to any state, city or municipality
• Real Estate Taxes
• Mortgage
• Equity Line Mortgage Interest. TCJA requires that the use of the funds be detailed and only interest related to funds used to buy, build or substantially improve a personal residence can be deducted. Please provide a history of the use of your home equity line if you want this
• Mortgage insurance
• Charitable Contributions – cash and non cash. Summarized by charity

CREDIT INFORMATION

• Child Care Information including name, address, phone number, EIN and Amount
• Residential Energy Credit Applicable Purchases
• Education Credit Information – Tuition
• Any estimated tax payments that were made during the year

(Request Sch E organizer for you to complete)

• Rental income
• Advertising
• Cleaning and Maintenance
• Commissions
• Insurance
• Professional Fees
• Management expenses
• Mortgage interest
• Real estate taxes
• Repairs
• Supplies
• Rental permits or license fees
• Utilities
• Capital improvement or new fixed asset acquisition information
• Depreciation schedules if you are a new client
• Settlement statements for all real estate

SELF EMPLOYMENT INCOME 

(This applies if you received any 1099-NEC forms or worked as a subcontractor)

Best prepared on QuickBooks. Please print a CASH BASIS Balance Sheet and Profit and Loss Comparative so it shows current and prior year information. If you do not use an accounting software please request a Sch. C for you to complete.

• Income, Revenue, Sales
• Cost of goods sold – This is the amount you paid for what you resold
• Advertising
• Car and Truck Expenses (I can send you another worksheet that details out the information I need)
• Subcontractor costs
• Insurance
• Health Insurance – please have this amount separate
• Interest – if any for large loans on equipment or working capital
• Legal and Professional Fees
• Office Expenses
• Rent
• Repairs and Maintenance
• Supplies
• Taxes and Licenses
• Travel – out of town – hotels, rental cars, airlines
• Utilities
• Telephone
• Internet, if separate
• Payroll – This should tie into your 941 reports
• Payroll Taxes
• Workers Comp Insurance
• Bank Service charges, Merchant Fees, Credit Card Processing Fees
• Dues and Subscriptions, Membership fees to professional organizations
• Continuing Education
• Postage and Delivery
• Meals
• Entertainment
• Computer Expenses
• Tools
• Uniforms
• Capital improvement or new fixed asset acquisition information
• Depreciation schedules if you are a new client
• Settlement statements for all real estate

HOME OFFICE 

(Only available as a deduction accompanied with Sch C, Sch E or Sch F)

• Total Home square footage
• Office Square footage. This space must be used EXCLUSIVELY and REGULARLY for business
• Mortgage Interest
• Real Estate Taxes
• Home Owners Insurance
• Home Owners Association Fees
• Utility Costs – Electric, Gas, Oil, Sewer, Trash. Report separately
• Telephone/Internet
• Purchase price of home for depreciation of home office